Learn about the benefits of life insurance and what can happen if you don’t have life insurance from the experts at AS Insurance Agency in Manchester, NH.
Life Insurance Basics
Life insurance is a form of financial protection that helps survivors to cover the costs of everyday expenses like rent, mortgages, groceries, and utilities. A well-structured life insurance policy helps beneficiaries to cover costs related to funeral and burial expenses, outstanding debts, medical bills, and lost income.
Why You Need Life Insurance in Manchester, NH
Many New Hampshire residents make the mistake of thinking that they are too young to have life insurance or that the costs of having life insurance are too high for them to invest in. There are life insurance policies for people of all ages and income levels.
Your relatives and beneficiaries can find themselves struggling with a mountain of debt related to burial expenses, everyday living costs, and outstanding debts when their loved one passes away without life insurance.
A licensed insurance agent can help you understand the key differences between life insurance policies in New Hampshire.
Term Life Insurance
This form of life insurance is designed to provide coverage for a specific “term.” Term life insurance is one of the most flexible and affordable options available.
Whole Life Insurance
In contrast to term-based life insurance, whole life policies cover the insured and their beneficiaries for a lifetime. These lifelong policies often feature a cash value benefit where policyholders can borrow against their policy in cases of emergency and for qualifying life events.
Contact a licensed agent at AS Insurance Agency in Manchester, NH to learn more about options for life insurance and how life insurance can safeguard your home and family.
